Nash Bargaining Theory, Nonconvex Problems and Social Welfare Orderings

Author: Denicolò V.  

Publisher: Springer Publishing Company

ISSN: 0040-5833

Source: Theory and Decision, Vol.48, Iss.4, 2000-06, pp. : 351-358

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Abstract

In this paper we deal with the extension of Nash bargaining theory to nonconvex problems. By focussing on the Social Welfare Ordering associated with a bargaining solution, we characterize the symmetric Nash Bargaining Solution (NBS). Moreover, we obtain a unified method of proof of recent characterization results for the asymmetric single-valued NBS and the symmetric multivalued NBS, as well as their extensions to different domains.